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IN RE GLADES HEALTH CARE LIMITED

Bankruptcy No. 87-04372-BKC-TCB.

84 B.R. 862 (1988)

In re GLADES HEALTH CARE LIMITED, Debtor.

United States Bankruptcy Court, S.D. Florida.

March 30, 1988.

Attorney(s) appearing for the Case

Arthur Halsey Rice, Miami, Fla., Gary J. Rotella, Ft. Lauderdale, Fla., for debtor.

Charles W. Throckmorton, Miami, Fla., for Barnett Bank Trust Co.

T.J. Del Rosso, Pahokee, Fla., Dory Burnham, West Palm Beach, Fla., co-trustees.

Curtis Lee Witters, West Palm Beach, Fla., for Del Rosso.

ORDER VALUING BARNETT'S SECURED CLAIM

THOMAS C. BRITTON, Chief Judge.

The chapter 11 debtor has moved (CP 66) under 11 U.S.C. § 506 and B.R. 3012 for a determination of the extent to which Barnett Bank's claim is secured. The motion was heard March 8.

I find that the judgment claim, which totalled $5,263,686 plus fees and costs when this petition was filed on December 7, 1987, is secured to the extent of $4,715,000. The balance of the claim...

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